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Ballard Charles Andrew: insider trades

Director at 2 companies we cover. No open-market purchases and 12 sales not made under a pre-set plan, reported from December 20, 2019 to August 28, 2026.

What happened after Ballard Charles Andrew’s sales?

After their sales, the shares moved −8.5% against the index over 12 months on average (a negative figure means selling was the right call); 70% trailed it.

With 296 insiders tested, some will look skilled or unskilled by chance alone: when we replaced each insider’s stocks with random companies bought on the same days, about 5.7 cleared the bar ahead and 23.3 behind. One record on its own proves little.

Trade by trade

MeasuredTrades countedAverage vs S&P 500MedianWent the right wayYearst-statisticp-valueEvidence
Purchases, 3 months after the report 0 — — — — — — Not enough years
Purchases, 6 months after the report 0 — — — — — — Not enough years
Purchases, 12 months after the report 0 — — — — — — Not enough years
Purchases, 12 months after the trade 0 — — — — — — Not enough years
Sales, 3 months after the report 11 −1.7% −5.5% 64% 6 0.24 0.82 No reliable evidence
Sales, 12 months after the report 10 −8.5% −10.4% 70% 5 −0.64 0.56 No reliable evidence
Sales, 12 months after the trade 10 −11.8% −9.1% 70% 5 −1.11 0.33 No reliable evidence

“Average vs S&P 500” is the stock’s return including dividends minus the index’s over the same dates, from the close on the first trading day after the report, or from the close on the trade date. Only windows that have finished are counted. For sales, a negative figure means the stock lagged after it was sold, so selling was the right call (green). “Went the right way” is the share of purchases that beat the index, or of sales that trailed it. The t-statistic uses one average per year of reports, because one person’s trades bunch into the same stock and weeks, and needs trades in at least four different years; the p-value comes from the t distribution with that number of years (with four years, a t of 2 has p = 0.14). “Some evidence” means p under 5%, “strong evidence” p under 1% over at least six years.

Companies traded

CompanyTitle on the latest filingPurchasesSalesFirst reportLatest report
Domino's DPZ —06December 20, 2019May 2, 2025
Etsy Inc ETSY —06May 26, 2023August 28, 2026

Trades and what followed

Moves are against the S&P 500; green means the trade went the insider’s way.

ReportedTradedCompanyTradeValue3 months after report12 months after report12 months after trade
August 28, 2026August 26, 2026 ETSY Sale $368,325 not yetnot yetnot yet
March 5, 2026March 4, 2026 ETSY Sale $99,775 +8.6%not yetnot yet
August 26, 2025August 22, 2025 ETSY Sale $149,808 −5.5%+33.3%+14.7%
May 2, 2025May 1, 2025 DPZ Sale $199,652 −17.8%−62.6%−60.2%
August 20, 2024August 20, 2024 ETSY Sale $100,142 −13.4%−11.0%−1.5%
August 19, 2024August 15, 2024 DPZ Sale $95,453 −1.0%−9.8%−14.3%
May 23, 2024May 22, 2024 ETSY Sale $120,056 −15.3%−25.5%−34.2%
November 6, 2023November 2, 2023 DPZ Sale $149,860 +0.6%−15.9%−9.0%
May 26, 2023May 24, 2023 ETSY Sale $34,682 −17.1%−51.7%−61.5%
May 5, 2023May 3, 2023 DPZ Sale $200,098 +20.2%+42.4%+38.4%
August 26, 2020August 25, 2020 DPZ Sale $293,076 −12.2%−7.2%−9.2%
December 20, 2019December 19, 2019 DPZ Sale $406,714 +34.5%+23.0%+19.2%

Open-market purchases and sales of at least $10,000 in companies we cover, from SEC Form 4 filings; sales made under a pre-set Rule 10b5-1 plan are not shown. “Not yet” means the window has not finished or the share price was under $5 at entry. These are the shares’ moves after each trade: they say nothing about why Ballard Charles Andrew traded and do not suggest the use of non-public information. How every insider compares · the insider trading backtest.